Archive · 7 Dec 2025
India's Financial Inclusion Progress Highlighted
India is making big progress in helping more people use banks and digital money.
A government official, M Nagaraju, talked about this at a special event in Hyderabad.
He said that schemes like PMJDY are helping many people, especially women and those in rural areas, to open bank accounts and manage their money better.
The country is also leading in digital payments, which helps small businesses and people who don't have regular bank accounts.
The official mentioned that the next steps include making sure people use their accounts more, getting better loans, and keeping everyone's money safe.
He also praised places like ASCI for helping to train leaders and shape good policies.
India's Financial Inclusion Index stood at 67.0 in March 2025, showing improvements in access, usage, and service quality.
Pradhan Mantri Jan Dhan Yojana (PMJDY) has brought many people into the formal banking system, with a high share of women and rural account holders.
Direct benefit transfers have reduced leakages and improved transparency by linking identity, bank accounts, and digital platforms.
India leads in real-time digital payments through the Unified Payments Interface (UPI), expanding financial participation among small businesses and informal sector workers.
Future priorities include improving account usage, expanding responsible credit, strengthening consumer protection, and enhancing coordination among financial regulators.
- Who
- M Nagaraju, Secretary, Department of Financial Services
- What
- Lecture on India's Financial Inclusion Journey
- When
- Saturday (69th Foundation Day of ASCI)
- Where
- Administrative Staff College of India (ASCI), Hyderabad
- Why
- To discuss the progress and future of financial inclusion in India
- Event
- 69th Foundation Day Lecture at ASCI, Hyderabad
- Speaker
- M Nagaraju, Secretary, Department of Financial Services
- Financial Inclusion Index
- 67.0 (March 2025)
- Key Schemes
- Pradhan Mantri Jan Dhan Yojana (PMJDY), PM Mudra Yojana
- Digital Payment System
- Unified Payments Interface (UPI)
- Priorities for Future
- Improving account usage, expanding responsible credit, strengthening consumer protection, improving coordination among financial regulators, digital literacy, institutional capability, strong governance systems
- Role of ASCI
- Policy thinking and leadership development, public sector capacity building
Sources
LIC will become completely digital in next two months: DFS Secretary Nagaraju
Jan Dhan accounts hold Rs 2.75 lakh cr in banks: Official
ASCI Lecture Explores India’s Next Phase Of Financial Inclusion
Experts Discuss Financial Inclusion On Asci Day
Jan Dhan accounts now hold Rs 2.75 lakh crore
